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3 Baths

$1,100,000

205 E Chicago Street, Jonesville MI, 49250

Price per sqftN/A
Built in2010
Property typeCommercial
Courtesy of Darin W Spieth, Spieth & Satow Auctions & Real Estate

Overview

Active

Listed Sep 29, 2026

Updated 11 days ago

This is a turn key opportunity, with two additional parcels; 21-060-001-042 and 21-060-001-156. A well-documented history of success. Located on US 12 in Jonesville Mi.. Potential buyer must sign a NDA Turnkey, fully staffed with banquet/event revenue Established full-service restaurant, with strong performance over multiple years. Detailed financials available upon request with signed NDA. This is a turnkey operation with an experienced kitchen and front-of-house management team in place, supported by a reliable and well-trained staff. The business has been consistently operated and offers a smooth transition for a new owner. The facility is a purpose-built fine dining establishment constructed in 2011, featuring steel construction, high ceilings, and quality finishes throughout. The property includes approximately 2,680 sq. ft. of main dining space, a 1,224 sq. ft. banquet/event area (seating up to 72 guests), a 270 sq. ft. private dining room (seating up to 20 guests), a 1,332 sq. ft. fully equipped commercial kitchen, and a 1,548 sq. ft. basement for storage. Additional features include a full-service bar, Class C liquor license, and both street and rear parking lot access. The layout supports both daily dining service and private events, providing multiple revenue streams. The business operates in a stable market with strong repeat customer traffic and consistent demand. In addition to local residents, customers are drawn from surrounding communities, along with nearby college-related traffic, including visiting families and event-driven business. Growth opportunities include expanding operating days beyond the current five-day schedule, as well as implementing targeted marketing efforts. The business has historically relied on word-of-mouth and repeat clientele, with significant potential to increase catering and event bookings through digital and local advertising. Sale includes both the business and the seller-owned real estate, which was previously appraised at $850,000 (2022). The asking price reflects the combined value of the operating business and real estate. The seller is committed to a smooth transition and will provide training and support during an initial period, with additional guidance available as needed. This is a confidential sale. Additional information will be provided to qualified buyers upon execution of a Non-Disclosure Agreement. Ad#:2503984 Detailed Information Inventory: $30,000 Not included in asking price Furniture, Fixtures, & Equipment (FF&E): $112,000 Included in asking price Employees: 30 (8 Full-time, 22 Part-time) Experienced kitchen and front-of-house management in place, supported by a relia Facilities: Purpose-built fine dining facility constructed in 2011 with steel construction, high ceilings, and quality finishes throughout. The building is designed for efficient full-service restaurant operations and an elevated guest experience. The property includes approximately: • 2,680 sq. ft. main dining area • 1,224 sq. ft. banquet/event space (seating up to 72 guests) • 270 sq. ft. private dining room (seating up to 20 guests) • 1,332 sq. ft. fully equipped commercial kitchen • 1,548 sq. ft. basement storage area Additional features include a full-service bar area, a Class C liquor license, and both street parking and a rear parking lot for customer convenience. The layout supports both regular dining service and private events, providing multiple revenue streams. Sale includes furniture, fixtures, and equipment (FF&E) necessary for ongoing operations. Competition: The business operates in a stable local market with strong repeat customer traffic and consistent demand for both dining and private events. In addition to local residents, the restaurant draws customers from surrounding communities, supporting steady year-round revenue. The location also benefits from proximity to a nearby private college, contributing seasonal traffic, visiting families, and event-driven business throughout the year. Competition in the area is primarily casual dining, while this business maintains a differentiated position through its full-service dining experience, banquet/event capabilities, and established reputation. The combination of local demand, regional draw, and multiple revenue streams has supported consistent performance over time. Growth & Expansion: The business offers several clear and achievable opportunities for growth. Currently operating five days per week, extending hours to include one or two additional days could increase revenue with minimal changes to the existing model, as current financials are based on the five-day schedule. Additional upside exists through targeted marketing efforts. The business has historically relied on word-of-mouth and repeat customers, with limited advertising. Implementing digital marketing, social media, and targeted promotion (particularly for catering and private events) could further increase bookings and overall revenue. With established operations, experienced staff, and existing demand, the business is well positioned for a new owner to implement these opportunities and drive additional growth. Financing: SBA LOAN ELIGIBLE Seller financing available Partial seller financing available for qualified buyers; terms negotiable. Support & Training: The seller is committed to ensuring a smooth and successful transition for a new owner. Training will be provided on day-to-day operations, including pricing, ordering, menu execution, event coordination, and overall business management. The seller is available to assist on-site during an initial transition period, with the length and scope to be mutually agreed upon. In addition, the seller is willing to provide ongoing support via phone or email for an extended period following the transition to answer questions and provide guidance as needed. The business benefits from an established management team and experienced staff, further supporting a seamless ownership transition.

Additional information

MLS® ID
26051835

Interior Features

Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$26,792
Tax Frequency
Annually
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Courtesy of Spieth & Satow Auctions & Real Estate

The IDX display contains information sourced from the MichRIC® as of 9/30/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated 9/30/2026

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